Bahrain has introduced a fast-track process for fintech startups looking to do business in the country. The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to a press release on Oct. 29, the investment promotion agency for the Kingdom of Bahrain has introduced a fast-track […]
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The top-performing cryptocurrencies are showing signs of profit booking at higher levels and this suggests the market is in a consolidation phase. The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 […]
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Monero (XMR) futures trading launched by a regulated Dubai-based BTSE cryptocurrency exchange that says it wants to “spark a conversation.” Dubai-based multi-currency and spot/futures exchange, BTSE, unveiled its Monero (XMR) futures trading, Oct. 31. The move makes it one of the first and only exchanges offering futures contracts on the privacy-focussed cryptocurrency. Bucking the trend […]
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A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for […]
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The IADB is piloting three projects to see if blockchain technology can solve some of the most urgent problems of land administration in South America. The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries. […]
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As crypto regulation is accepted in UAE blockchain projects could stand to benefit. The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation. With the focus usually on China, Japan or the United States, the […]
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Here is a list of where and how to secure ownership rights for businesses and real estate through a blockchain. The use of blockchain to cement ownership rights for real estate and business has been ongoing since 2016, when the technology was first used to organize new forms of registries and registration of transactions. The […]
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The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will now be […]
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Developer of the world’s tallest building Burj Khalifa will launch its new blockchain token-based referral and loyalty platform in 2019. Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Real monetary value Emaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, […]
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The UAE’s Securities and Commodities Authority will be collecting public feedback on drafted regulations on crypto assets until Oct. 29. The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has published draft regulations for crypto assets. Seeking feedback from the industry According to an official statement from Oct. 15, the SCA will be collecting […]
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